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Tesla shares suffer New Year’s hangover on demand worries, delivery issues

The stock is the first loser in the S&P 500 on the first trading day of 2023 Selloff removes $50 billion from market capitalization Tesla misses fourth-quarter vehicle delivery estimate The electric vehicle company is still the world’s most valuable automaker Jan 3 (Reuters) – Tesla Inc. (TSLA.O) Stocks kicked off 2023 with a thud, …

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U.S. stocks drop on recession fears, Nasdaq closes at new bear market low

Tesla gains 3.3% in choppy trade Southwest Airlines slips 5.2% on government review Indices down: Dow 1.1%, S&P 500 1.20%, Nasdaq 1.35% Dec 28 (Reuters) – Major Wall Street indexes weakened on Wednesday, with the Nasdaq hitting a 2022 closing low, as investors grappled with mixed economic data, a rise in COVID cases in China …

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Facebook parent Meta to settle Cambridge Analytica case for $725 million

Dec 23 (Reuters) – Meta Platforms Inc, owner of Facebook (META.O) agreed to pay $725 million to resolve a class action lawsuit accusing the social media giant of allowing third parties, including Cambridge Analytica, to access users’ personal information. The proposed settlement, which was disclosed in a filing in court late Thursday would resolve a …

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Core Scientific files for bankruptcy as crypto winter bites

Dec 21 (Reuters) – Core Scientific Inc (CORZ.O)one of the largest publicly traded cryptocurrency mining companies in the United States, said on Wednesday that it had filed for Chapter 11 bankruptcy, the latest in a series of failures to hit the area. Core Scientific, based in Austin, Texas, attributed its bankruptcy to falling bitcoin prices, …

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Musk to step down as Twitter CEO once he finds ‘someone foolish’ enough as successor

Dec 20 (Reuters) – Billionaire Elon Musk said on Tuesday he would step down as chief executive of Twitter Inc once he finds a replacement, but will still lead some key divisions of the platform. social media. “I’ll step down as CEO as soon as I find someone dumb enough to take the job! After …

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Wall Street falls fourth straight day as recession worries nag

Dec 19 (Reuters) – Wall Street stocks closed lower on Monday for a fourth straight session, with the Nasdaq leading the declines as investors shun riskier bets amid fears the Federal Reserve’s tightening campaign could take a dive the US economy in a recession. The three major U.S. stock indexes have been under pressure since …

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Elon Musk restores Twitter accounts of journalists after suspensions draw backlash

Dec 17 (Reuters) – Elon Musk has reinstated the Twitter accounts of several journalists suspended for a day over a controversy over the publication of public data on the billionaire’s plane. The reinstatements came after the unprecedented suspensions drew scathing criticism from government officials, advocacy groups and journalism organizations in several parts of the world …

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Microsoft to buy 4% stake in London Stock Exchange

December 12 (Reuters) – Microsoft (MSFT.O) will take a 4% stake in the London Stock Exchange Group (LSEG.L) as part of a 10-year commercial agreement to migrate the exchange operator’s data platform to the cloud, the British company announced on Monday. It’s the latest sign of deepening ties between financial services providers and a handful …

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Wall Street ends lower as investors digest economic data

U.S. producer prices rise in November Consumer sentiment improves in December Lululemon tumbles after pessimistic forecast Indices close: S&P 500 -0.73%, Nasdaq -0.70%, Dow -0.90% Dec 9 (Reuters) – Wall Street ended lower on Friday as investors weighed economic data and awaited a potential 50 basis point interest rate hike by the U.S. Federal Reserve …

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